Governance Polls: Ratifications
August 9, 2021
Governance Polls: Inclusion Polls, Signals, and Parameter Changes
April 12, 2021
The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Risk Domain Team. The community can vote in this poll to express support or opposition to these polls on the voting portal.
Inclusion Poll for the Growth Core Unit MIP Set
The Governance Facilitators have placed an inclusion poll into the voting system as part of their responsibilities as defined in MIP3. This Governance Poll will be active for three days beginning on Monday, April 12 at 16:00 UTC.
This is a binary vote.
- You may vote for a single option.
- You should vote for the option which you prefer.
- If you would accept either option, you should vote 'Abstain'.
Review
The community can vote in this poll to express support or opposition to these proposals being included in this month's governance cycle.
This Inclusion Poll MIP Set contains the following MIPs:
- MIP39c2-SP4: Growth Core Unit, GRO-001
- MIP40c2-SP4: Core Unit Budget, GRO-001
- MIP41c4-SP4: Facilitator Onboarding, GRO-001
Please review the linked discussion threads to inform your position on these proposals before voting. It was also mentioned and possibly discussed on the Governance and Risk call on April 8, 2021.
Outcomes
This poll implements an Inclusion Threshold. The Inclusion Threshold is currently set to 3,000 MKR.
If the votes for the 'Yes' option exceed the votes for the 'No' option by at least 3,000 MKR then the following actions will be taken:
- The Governance Facilitators will confirm the inclusion of these proposals within the next Monthly Governance Poll on the Governance and Risk call on April 15, 2021.
- The Monthly Governance Poll occurs in week 3 of the Governance Cycle.
If the votes for the Yes' option DO NOT exceed the votes for the 'No' option by at least 3,000 MKR then this proposal will not be included in this month's governance cycle.
Inclusion Poll for the MakerDAO Shop Core Unit MIP Set
The Governance Facilitators have placed an inclusion poll into the voting system as part of their responsibilities as defined in MIP3. This Governance Poll will be active for three days beginning on Monday, April 12 at 16:00 UTC.
This is a binary vote.
- You may vote for a single option.
- You should vote for the option which you prefer.
- If you would accept either option, you should vote 'Abstain'.
Review
The community can vote in this poll to express support or opposition to these proposals being included in this month's governance cycle.
This Inclusion Poll MIP Set contains the following MIPs:
- MIP39c2-SP6: MakerDAO Shop Core Unit, MDS-001
- MIP40c2-SP6: MakerDAO Shop Budget, MDS-001
- MIP41c4-SP6: MakerDAO Shop Facilitator Onboarding, MDS-001
Please review the linked discussion threads to inform your position on these proposals before voting. It was also mentioned and possibly discussed on the Governance and Risk call on April 8, 2021.
Outcomes
This poll implements an Inclusion Threshold. The Inclusion Threshold is currently set to 3,000 MKR.
If the votes for the 'Yes' option exceed the votes for the 'No' option by at least 3,000 MKR then the following actions will be taken:
- The Governance Facilitators will confirm the inclusion of these proposals within the next Monthly Governance Poll on the Governance and Risk call on April 15, 2021.
- The Monthly Governance Poll occurs in week 3 of the Governance Cycle.
If the votes for the Yes' option DO NOT exceed the votes for the 'No' option by at least 3,000 MKR then this proposal will not be included in this month's governance cycle.
Inclusion Poll for the Content Production Core Unit MIP Set
The Governance Facilitators have placed an inclusion poll into the voting system as part of their responsibilities as defined in MIP3. This Governance Poll will be active for three days beginning on Monday, April 12 at 16:00 UTC.
This is a binary vote.
- You may vote for a single option.
- You should vote for the option which you prefer.
- If you would accept either option, you should vote 'Abstain'.
Review
The community can vote in this poll to express support or opposition to these proposals being included in this month's governance cycle.
This Inclusion Poll MIP Set contains the following MIPs:
- MIP39c2-SP5: Content Production Core Unit, MKT-001
- MIP40c3-SP5: Core Unit Budget - MKT-001
- MIP41c4-SP5: Facilitator Onboarding, MKT-001
Please review the linked discussion threads to inform your position on these proposals before voting. It was also mentioned and possibly discussed on the Governance and Risk call on April 8, 2021.
Outcomes
This poll implements an Inclusion Threshold. The Inclusion Threshold is currently set to 3,000 MKR.
If the votes for the 'Yes' option exceed the votes for the 'No' option by at least 3,000 MKR then the following actions will be taken:
- The Governance Facilitators will confirm the inclusion of these proposals within the next Monthly Governance Poll on the Governance and Risk call on April 15, 2021.
- The Monthly Governance Poll occurs in week 3 of the Governance Cycle.
If the votes for the Yes' option DO NOT exceed the votes for the 'No' option by at least 3,000 MKR then this proposal will not be included in this month's governance cycle.
Inclusion Poll for the Protocol Engineering Core Unit MIP Set
The Governance Facilitators have placed an inclusion poll into the voting system as part of their responsibilities as defined in MIP3. This Governance Poll will be active for three days beginning on Monday, April 12 at 16:00 UTC.
This is a binary vote.
- You may vote for a single option.
- You should vote for the option which you prefer.
- If you would accept either option, you should vote 'Abstain'.
Review
The community can vote in this poll to express support or opposition to these proposals being included in this month's governance cycle.
This Inclusion Poll MIP Set contains the following MIPs:
- MIP39c2-SP7: Adding Protocol Engineering Core Unit
- MIP40c2-SP7: Modify Protocol Engineering Core Unit Budget
- MIP41c4-SP7: Facilitator Onboarding, Protocol Engineering Core Unit
Please review the linked discussion threads to inform your position on these proposals before voting. It was also mentioned and possibly discussed on the Governance and Risk call on April 8, 2021.
Outcomes
This poll implements an Inclusion Threshold. The Inclusion Threshold is currently set to 3,000 MKR.
If the votes for the 'Yes' option exceed the votes for the 'No' option by at least 3,000 MKR then the following actions will be taken:
- The Governance Facilitators will confirm the inclusion of these proposals within the next Monthly Governance Poll on the Governance and Risk call on April 15, 2021.
- The Monthly Governance Poll occurs in week 3 of the Governance Cycle.
If the votes for the Yes' option DO NOT exceed the votes for the 'No' option by at least 3,000 MKR then this proposal will not be included in this month's governance cycle.
Inclusion Poll for MIP4 Amendments (MIP4c2-SP7)
The Governance Facilitators have placed an inclusion poll into the voting system as part of their responsibilities as defined in MIP3. This Governance Poll will be active for three days beginning on Monday, April 12 at 16:00 UTC.
This is a binary vote.
- You may vote for a single option.
- You should vote for the option which you prefer.
- If you would accept either option, you should vote 'Abstain'.
Review
The community can vote in this poll to express support or opposition to this proposal being included in this month's governance cycle.
Please review the discussion thread to inform your position on this proposal before voting. It was also mentioned and possibly discussed on the Governance and Risk call on April 8, 2021.
Outcomes
This poll implements an Inclusion Threshold. The Inclusion Threshold is currently set to 3,000 MKR.
If the votes for the 'Yes' option exceed the votes for the 'No' option by at least 3,000 MKR then the following actions will be taken:
- The Governance Facilitators will confirm the inclusion of this proposal within the next Monthly Governance Poll on the Governance and Risk call on April 15, 2021.
- The Monthly Governance Poll occurs in week 3 of the Governance Cycle.
If the votes for the Yes' option DO NOT exceed the votes for the 'No' option by at least 3,000 MKR then this proposal will not be included in this month's governance cycle.
Inclusion Poll for MIP9 Amendments (MIP4c2-SP8)
The Governance Facilitators have placed an inclusion poll into the voting system as part of their responsibilities as defined in MIP3. This Governance Poll will be active for three days beginning on Monday, April 12 at 16:00 UTC.
This is a binary vote.
- You may vote for a single option.
- You should vote for the option which you prefer.
- If you would accept either option, you should vote 'Abstain'.
Review
The community can vote in this poll to express support or opposition to this proposal being included in this month's governance cycle.
Please review the discussion thread to inform your position on this proposal before voting. It was also mentioned and possibly discussed on the Governance and Risk call on April 8, 2021.
Outcomes
This poll implements an Inclusion Threshold. The Inclusion Threshold is currently set to 3,000 MKR.
If the votes for the 'Yes' option exceed the votes for the 'No' option by at least 3,000 MKR then the following actions will be taken:
- The Governance Facilitators will confirm the inclusion of this proposal within the next Monthly Governance Poll on the Governance and Risk call on April 15, 2021.
- The Monthly Governance Poll occurs in week 3 of the Governance Cycle.
If the votes for the Yes' option DO NOT exceed the votes for the 'No' option by at least 3,000 MKR then this proposal will not be included in this month's governance cycle.
Inclusion Poll for MIP0 Amendments (MIP4c2-SP13)
The Governance Facilitators have placed an inclusion poll into the voting system as part of their responsibilities as defined in MIP3. This Governance Poll will be active for three days beginning on Monday, April 12 at 16:00 UTC.
This is a binary vote.
- You may vote for a single option.
- You should vote for the option which you prefer.
- If you would accept either option, you should vote 'Abstain'.
Review
The community can vote in this poll to express support or opposition to this proposal being included in this month's governance cycle.
Please review the discussion thread to inform your position on this proposal before voting. It was also mentioned and possibly discussed on the Governance and Risk call on April 8, 2021.
Outcomes
This poll implements an Inclusion Threshold. The Inclusion Threshold is currently set to 3,000 MKR.
If the votes for the 'Yes' option exceed the votes for the 'No' option by at least 3,000 MKR then the following actions will be taken:
- The Governance Facilitators will confirm the inclusion of this proposal within the next Monthly Governance Poll on the Governance and Risk call on April 15, 2021.
- The Monthly Governance Poll occurs in week 3 of the Governance Cycle.
If the votes for the Yes' option DO NOT exceed the votes for the 'No' option by at least 3,000 MKR then this proposal will not be included in this month's governance cycle.
Inclusion Poll for Declaration of Intent - eurDAI (MIP13c3-SP10)
The Governance Facilitators have placed an inclusion poll into the voting system as part of their responsibilities as defined in MIP3. This Governance Poll will be active for three days beginning on Monday, April 12 at 16:00 UTC.
This is a binary vote.
- You may vote for a single option.
- You should vote for the option which you prefer.
- If you would accept either option, you should vote 'Abstain'.
Review
The community can vote in this poll to express support or opposition to this proposal being included in this month's governance cycle.
Please review the discussion thread to inform your position on this proposal before voting. It was also mentioned and possibly discussed on the Governance and Risk call on April 8, 2021.
Outcomes
This poll implements an Inclusion Threshold. The Inclusion Threshold is currently set to 3,000 MKR.
If the votes for the 'Yes' option exceed the votes for the 'No' option by at least 3,000 MKR then the following actions will be taken:
- The Governance Facilitators will confirm the inclusion of this proposal within the next Monthly Governance Poll on the Governance and Risk call on April 15, 2021.
- The Monthly Governance Poll occurs in week 3 of the Governance Cycle.
If the votes for the Yes' option DO NOT exceed the votes for the 'No' option by at least 3,000 MKR then this proposal will not be included in this month's governance cycle.
Poll: Petition Letter to a16z
The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Community. This Governance Poll will be active for three days beginning on Monday, April 12 at 16:00 UTC.
This is a binary vote.
- You may vote for a single option.
- You should vote for the option which you prefer.
- If you would accept either option, you should vote 'Abstain'.
Review
Please review the discussion thread to help inform your position before voting.
The community can vote in this poll to express support or opposition to the signing the following petition letter. The canonical version of this letter is on IPFS here. The contents have been pasted below for convenience.
Petition Letter
to the attention of the Andreessen Horowitz A16z Crypto team.
Following its investment thesis and its long term vision on DeFi, A16z crypto has invested in MakerDAO in September 2018. The involvement of A16z crypto brought a new level of excitement and credence to the MakerDAO community and has helped its development over the course of the last few years. Currently A16z owns the wallet with the third largest amount of MKR tokens and therefore owns more than 6% of the voting power in the MakerDAO governance system.
Since September 2018 MakerDAO has managed to achieve outstanding technical results, including the successful launch of multi-collateral DAI in 2019, and today is undoubtably one of the leading protocols in the DeFi space. This amazing growth has been enabled by an engaged decentralised community coordinated and supported by the Maker Foundation, a private organisation lead by Rune Christensen, one of the founders of MakerDAO.
As planned from the very beginning, however, the Maker Foundation is going to be dissolved soon. This event corresponds to a critical, historical and exciting moment for MakerDAO: the decentralised community will have to manage itself and its DeFi protocol successfully without relying on a single centralised organisation.
Since the beginning of 2021, the MakerDAO decentralised community has made significant steps towards decentralisation. Several Core Units, independent and focused groups of contributors paid by MakerDAO with the profits of the protocol, are being proposed, discussed and approved via the Governance process. But the path towards full decentralisation is hard, full of intricacies and is resource consuming. The help of all members of our decentralised community is now more needed than ever.
One of the key objectives of A16z crypto is:
``Put simply, our primary objective in governance is to create the conditions necessary for protocols to achieve long-term adoption and self-sustainability.''
For the above reasons, the MakerDAO decentralised community wishes to ask the full participation and support of A16z in this important moment. We'd be thrilled to be able to interact in a fully transparent way (forums, chats, onchain governance, etc), in the true spirit of DeFi, with the incredibly talented A16z Crypto team.
Specifically, we encourage A16z to:
- Participate in onchain governance and voting, using the 60k MKR tokens in their wallet.
- Through some chosen representative, participate actively in chat and forum discussions.
- Bring ideas and expertise to the community: legal, recruiting processes, marketing, communication, business opportunities, etc.
- Interact and challenge the existing and forthcoming Core Units to make sure they meet the highest standards of quality.
We, the MakerDAO decentralised community, are proud to have you onboard and can't wait to interact with you to keep developing our protocol and innovating in the DeFi space.
With best regards,
MakerDAO community
Outcomes
Regardless of the outcome of this poll, no actions will be taken at this time.
Poll: Parameter Changes Proposal - MakerDAO Open Market Committee
The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Open Market Committee. This Governance Poll will be active for three days beginning on Monday, April 12 at 16:00 UTC.
This is a binary vote.
- You may vote for a single option.
- You should vote for the option which you prefer.
- If you would accept either option, you should vote 'Abstain'.
Review
MKR Token Holders may vote in this poll to express support or opposition to the following changes on Stability Fee, Debt Ceiling, Maximum Debt Ceiling, Target Available Debt and Ceiling Increase Cooldown:
Parameter Changes by Type
Stability Fee Increases
| Vault Type | Old | New | Change |
|---|---|---|---|
| LINK-A | 3.50% | 5.00% | 1.50% |
| ETH-B | 9.00% | 10.00% | 1.00% |
| ZRX-A | 2.00% | 4.00% | 2.00% |
| LRC-A | 3.00% | 4.00% | 1.00% |
| UNIV2DAIETH-A | 3.00% | 3.50% | 0.50% |
| UNIV2USDCETH-A | 3.50% | 4.50% | 1.00% |
Stability Fee Decreases
| Vault Type | Old | New | Change |
|---|---|---|---|
| AAVE-A | 4.00% | 3.00% | -1.00% |
| BAT-A | 6.00% | 5.00% | -1.00% |
| MANA-A | 4.00% | 3.00% | -1.00% |
| BAL-A | 3.50% | 2.00% | -1.50% |
| UNIV2DAIUSDC-A | 3.00% | 1.00% | -2.00% |
| UNIV2LINKETH-A | 5.00% | 4.00% | -1.00% |
| UNIV2WBTCDAI-A | 2.00% | 0.00% | -2.00% |
| UNIV2AAVEETH-A | 5.00% | 4.00% | -1.00% |
| UNIV2DAIUSDT-A | 4.00% | 3.00% | -1.00% |
Debt Ceiling Increases
| Vault Type | Old | New | Change |
|---|---|---|---|
| YFI-A | 75,000,000 | 90,000,000 | 15,000,000 |
| AAVE-A | 25,000,000 | 50,000,000 | 25,000,000 |
| BAT-A | 3,000,000 | 7,000,000 | 4,000,000 |
| RENBTC-A | 2,000,000 | 10,000,000 | 8,000,000 |
| MANA-A | 2,000,000 | 5,000,000 | 3,000,000 |
| BAL-A | 5,000,000 | 30,000,000 | 25,000,000 |
| UNIV2DAIETH-A | 30,000,000 | 50,000,000 | 20,000,000 |
Debt Ceiling Decreases
| Vault Type | Old | New | Change |
|---|---|---|---|
| LRC-A | 10,000,000 | 5,000,000 | -5,000,000 |
| USDT-A | 2,500,000 | 0 | -2,500,000 |
Target Available Debt (gap) Changes
| Vault Type | Old | New | Change |
|---|---|---|---|
| AAVE-A | 2,000,000 | 5,000,000 | 3,000,000 |
| RENBTC-A | 500,000 | 1,000,000 | 500,000 |
| MANA-A | 500,000 | 1,000,000 | 500,000 |
| BAL-A | 1,000,000 | 3,000,000 | 2,000,000 |
| LRC-A | 2,000,000 | 1,000,000 | -1,000,000 |
Debt Ceiling Instant Access Module Activations
Activate UNIV2WBTCETH-A DC-IAM with:
- Maximum Debt Ceiling of 20 MM
- Target Available Debt of 3 MM
- Ceiling Increase Cooldown of 12 h
Activate UNIV2UNIETH-A DC-IAM with:
- Maximum Debt Ceiling of 20 MM
- Target Available Debt of 3 MM
- Ceiling Increase Cooldown of 12 h
Activate UNIV2LINKETH-A DC-IAM with:
- Maximum Debt Ceiling of 20 MM
- Target Available Debt of 2 MM
- Ceiling Increase Cooldown of 12 h
Activate UNIV2AAVEETH-A DC-IAM with:
- Maximum Debt Ceiling of 20 MM
- Target Available Debt of 2 MM
- Ceiling Increase Cooldown of 12 h
Activate UNIV2ETHUSDT-A DC-IAM with:
- Maximum Debt Ceiling of 10 MM
- Target Available Debt of 2 MM
- Ceiling Increase Cooldown of 12 h
Activate UNIV2DAIUSDT-A DC-IAM with:
- Maximum Debt Ceiling of 10 MM
- Target Available Debt of 2 MM
- Ceiling Increase Cooldown of 12 h
Activate UNIV2WBTCDAI-A DC-IAM with:
- Maximum Debt Ceiling of 20 MM
- Target Available Debt of 3 MM
- Ceiling Increase Cooldown of 12 h
Please review the proposal thread to help inform your position before voting.
Outcomes
If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
- These parameter changes will be included in the weekly Executive Vote on the Friday following the conclusion of this poll.
- If the Friday executive passes, then these changes will become active in the Maker Protocol after the GSM Pause Delay has expired.
If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
Resources
Unsure about the Parameter Changes and what you should take into account when voting? Check out the parameter documentation on Stability Fee, Debt Ceiling and DC-IAM.
If you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works, and this wallet setup guide to set up your wallet to vote.
Additional information about the Governance process can be found in the Governance section of the MakerDAO community portal.
To participate in future Governance calls, please join us every Thursday at 17:00 UTC.
To add current and upcoming votes to your calendar, please see the MakerDAO Public Events Calendar.